Governor Rauner signed pivotal legislation today that will limit the future size and scope of community college severance agreements.
Prompted by a $763,000 contract buyout approved by a former College of DuPage (COD) Board for outgoing College President Dr. Robert Breuder, State Representative Jeanne Ives (R-Wheaton) filed HB 3593, which limits future buyout or severance agreements to no more than one year of salary and benefits. Even though a newly-elected COD Board of Trustees voided the Breuder deal, Ives said her bill will prevent other college boards from inking similarly excessive deals for underperforming administrators.
“That agreement was irresponsible and disrespectful to the taxpayers who fund the College of DuPage,” said Ives. “While the new board seems to be acting more in line with the best interests of the college’s stakeholders, this new law will prevent mismanagement at the levels we’ve seen at COD from happening in the future.” Read more.